Egypt targets US$100 billion in exports by 2030 with new industrial strategy

Egypt is aiming to increase annual exports from US$48 billion to US$100 billion by 2030 under a new industrial strategy focused on expanding manufacturing capacity and strengthening integration into global production networks. The announcement was made by Minister of Industry Khaled Hashem, reports Daily News Egypt, a partner of TV BRICS.

According to Khaled Hashem, the government is intensifying efforts to attract both domestic and foreign industrial investment as part of a broader strategy to enhance the country’s export competitiveness and reinforce Egypt’s position as a regional industrial centre. The updated approach prioritises investments that support technology transfer and industrial expertise alongside capital inflows.

As part of the initiative, the Ministry of Industry plans to launch an integrated digital business-to-business platform connecting manufacturers, suppliers, and buyers across the Egyptian market. The system will allow users to search for industrial products and services while providing transparent peer evaluations based on product quality, delivery performance, and service standards.

The strategy identifies seven priority sectors for industrial development: ready-made garments, textiles, food industries, pharmaceuticals, automotive manufacturing, electrical and engineering equipment, and electronics assembly.

Egypt is simultaneously implementing a comprehensive programme to develop small and medium-sized enterprises (SMEs), with a focus on supporting youth entrepreneurship and strengthening industrial production capacity. The initiative includes the creation of equipped production units within industrial zones and productive communities, helping smaller manufacturers connect directly with local and international supply chains while supporting sustainable economic development.